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April 20, 2020

Covid-19: MV Werften extends operations suspension

Shipbuilding company MV Werften has extended the suspension of its business operations amid the coronavirus (Covid-19) pandemic.

Shipbuilding company MV Werften has extended the suspension of its business operations amid the coronavirus (Covid-19) pandemic.

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Due to the outbreak, the contact closures and border restrictions have been implemented by governments.

The Covid-19 pandemic has so far killed more than 165,000 and infected approximately 2.4 million people around the world.

The company’s management has informed the employees regarding the suspension.

MV Werften said that the production will resume when supply chains start working across open borders and social distancing measures are lifted.

The capacities will gradually increase and the production will resume at a regular efficiency.

In September last year, MV Werften started the construction of a second Global class ship Global 2 at Rostock-Warnemünde, Germany. The shipbuilder employed more than 600 companies for the Global 2 project that will be finished in 2022.

The company previously expected the production to resume on 20 April. After analysing the situation and coming up with a plan to restart the business, the company now expects the operations to resume only after 4 May.

Last month, Italian shipbuilding company Fincantieri extended the suspension of operations at its facilities in the country due to the pandemic.

Fincantieri has also signed an agreement with representatives of the Trade Unions FIM – FIOM – UILM to resume the production after the end of the suspension.

Norway-based shipping company Wallenius Wilhelmsen implemented precautionary measures to protect operations during the Covid-19 pandemic.

The company is planning the redelivery of chartered vessels, as well as recycling and cold lay-ups and has withdrawn its dividend for the previous year.

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Build resilience in the face of COVID-19 disruption

COVID-19 has already affected our lives forever. The way we work, shop, eat, seek medical advice, and socialize will all be different in the future. Quite how different remains to be seen, but all industries must plan for multiple eventualities. Are you interested in actionable insights on the business challenges induced by the pandemic? GlobalData's cross-sector report analyzes the significance of this major disruptive theme across industry verticals. It provides side-by-side research of alternative datasets to present you with unique quantitative analysis of the effects of COVID-19 and how these differ across sectors. Additionally, it offers qualitative analysis of each sector and analyzes COVID-19’s impact on leading companies. Whatever your company’s imminent strategic plans, the long-lasting impact of COVID-19 must not be overlooked. Find out how to futureproof your business operations – download our report today.
by GlobalData
Enter your details here to receive your free Report.

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